Business

In this Sept. 26, 2007 file photo, a realty sign stands in front of one of the many homes that are in foreclosure in the Villages of Queen Creek in Queen Creek, Ariz. The number of U.S. homes repossessed by lenders fell to the lowest level in nearly six years last month amid a resurgent housing market and rising home prices, the latest evidence that the nation's foreclosure woes are easing, according to new data from foreclosure listing firm RealtyTrac Inc. (AP Photo/Ross D. Franklin, file)

While the latest foreclosure data took both a positive and negative turn nationwide, it was nothing but negative in the state.

Foreclosure filings nationwide in February were up 2 percent from the previous month, but down 25 percent on a year-over-year basis, or from the numbers reported in February 2012, according to the latest report released Thursday by RealtyTrac Inc., an Irvine, Calif.-based online marketplace for foreclosure properties.

" You mean you can't buy a McMansion with a McJob? I love how people say the market is bottoming out. Right? So if they ever end the zero interest rate policy, or will they start paying people to buy. I think the market will really find the bottom when interest rates go up a few percent. People who own better hope our filthy politicians can keep the rating agencies playing their games or the gig will be up. You think houses are high now, wait till interest rates hit 7 or 8 percent. Or will the economy continue to punish savers to prop up investments. Savers just need to say no to putting their money in any kind of bank in a zirp environment. "

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